UK election 2017: Conservatives lose majority

Britain's Conservatives have lost their majority in a snap general election that has resulted in a hung parliament.

With just a handful of seats left to declare, Thursday's poll shows gains for the opposition Labour Party.

This is seen as a humiliation for PM Minister Theresa May, who chose to call the election to try to strengthen her hand in talks with the EU on Brexit.

Labour leader Jeremy Corbyn urged her to resign, but she said her party would "ensure" stability in the UK.

However Ms May does not plan to stand down, says BBC political editor Laura Kuenssberg.

Earlier on Friday, the prime minister said: "At this time more than anything else, this country needs a period of stability."

Mrs May - who had a small majority in the previous parliament - had called an early election to try to improve her negotiation positions on Brexit.

But EU Budget Commissioner Günther Oettinger told German radio he was unsure Brexit talks could start later this month as scheduled. He said discussions with a weak UK negotiating partner could lead to a poor outcome.

Mr Corbyn earlier said: "If there is a message from tonight's results, it's this: the prime minister called this election because she wanted a mandate. Well, the mandate she's got is lost Conservative seats, lost votes, lost support and lost confidence."

"I would have thought that's enough to go, and make way for a government that will be truly representative of all of the people of this country," he added.

Final election results are expected by Friday lunchtime.

The biggest shock of the night so far has been Liberal Democrat MP Nick Clegg losing his seat to a Labour candidate. He was deputy prime minister of the UK from 2010 to 2015 in a coalition government with the Conservatives.

Former Scottish National Party leader Alex Salmond was also defeated, losing his seat to a Conservative.

A total of 650 Westminster MPs are being elected, with about 45.8 million people entitled to vote. A party needs 326 seats to have an overall majority.

What the result means for Brexit - By James Landale, BBC diplomatic correspondent

Britain's exit from the EU has been plunged into uncertainty. Theresa May has not secured the clear mandate that she sought for her version of a hard Brexit.

It will now be difficult for the government - whatever shape that government will be - to start talking to the EU in nine days' time as planned without rethinking its strategy.

If the Tories form a minority government, Theresa May could start negotiations but she might have to water down her plans if she wanted to get any Brexit-related legislation through the House of Commons, where she will need the support of other parties.

Much will depend on the wishes of the Democratic Unionist Party MPs from Northern Ireland who would be her most likely allies. This would be a recipe for survival, not stability.

If Mrs May stands down as prime minister, then any negotiations over Brexit may have to be delayed while the Conservative party chooses a replacement and discusses if or how to change its approach to Brexit.

This would not be straightforward because Tory divisions over Europe would remain and potential leadership contenders would have to decide whether to argue for a soft or hard Brexit.

What about a possible impact on the UK economy?

When the election exit poll was revealed, the pound immediately dropped by 2% as investors took a position that a hung parliament was a possible outcome, writes BBC's Economics Editor Kamal Ahmed.

Why would that lead the currency to decline? Because a hung parliament means that the government's direction of travel would be less certain.

Deals would have to be done. And those vital Brexit negotiations could become all the more difficult.

Nervousness in the markets is likely to increase and investors could decide to move their money to more attractive places, such as the eurozone where growth has picked up and political risk has reduced, our editor says

YOU UNDERSTAND AND AGREE THAT YOUR USE OF THE WEBSITE www.inrexea.com IS AT YOUR SOLE RISK AND THAT THE WEBSITE www.inrexea.com IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTY OF ANY KIND. YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE WEBSITE www.inrexea.com IS AT YOUR SOLE RISK AND THAT THE ENTIRE RISK AS TO SATISFACTORY QUALITY, PERFORMANCE, ACCURACY AND EFFORT IS WITH YOU. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE MATERIALS, PRODUCTS AND ANY SERVICES OFFERED OR RENDERED ON www.inrexea.com ARE PROVIDED “AS IS” AND "AS AVAILABLE", WITH ALL FAULTS AND WITHOUTWARRANTY OF ANY KIND, AND INREX EA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH RESPECT TO THE PRODUCTS AND ANY SERVICES, EITHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES AND/OR CONDITIONS OF MERCHANTABILITY, OF SATISFACTORY QUALITY, OF FITNESS FOR A PARTICULAR PURPOSE, OF ACCURACY, OF QUIET ENJOYMENT, AND NON-INFRINGEMENT OF THIRD PARTY RIGHTS.YOU AGREE TO USE THE WEBSITE www.inrexea.com AND ANY MATERIALS DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE WEBSITE www.inrexea.com AT YOUR OWN DISCRETION AND RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR OTHER DEVICE OR LOSS OF DATA AS A RESULT OF SUCH USE. INREX EA FURTHER EXPRESSLY DISCLAIMS ALL WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS.